Business
HEXO Revenue Skyrockets in its first full quarter with recreational pot sales – The Motley Fool
When Canadian marijuana producer HEXO (NYSEMKT: HEXO) reported its quarterly results for the first quarter of December last year, its revenues included only two weeks of recreational marijuana sales. Investors did not get a full picture of how much growth HEXO would actually generate with the new market. But that picture is now quite clear.
HEXO announced the results of its fiscal 2019 second quarter, which ended January 31, before the market opened on Thursday. Here are the highlights of the company's update.
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Q2 2018 |
Year over the year |
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Sales |
CA $ 16.2 million | CA $ 1.2 million | 1 688.8% | |
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Net income (19659011) (CA $ 4.3 million) |
(CA $ 8.9 million) |
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